Newmont Mining(NEM) & Newmont Gold(NGC) Message Board

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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: ahhaha who wrote (242)	5/28/1999 8:05:00 AM
From: Roebear	of 587

ahhaha, Yesterday began increasing my NEM holdings, something I have been wanting to do the last couple weeks, but since it obligingly kept getting cheaper, I kept waiting. I started with near half of a normal trading position. I will add until it is a large portion of my portfolio, but will save some dry powder for bargain basement days. This will leave me mostly with Natural Gas and Oils and Gold. I would say the risk reward is very good at these levels in NEM. Though there could be some downside, the risk of being left at the station while the gold train speeds away is now substantially greater. The sentiment is wonderfully bearish in GoldBuggerdom <VBG>. I would not be surprised if yesterday were the bottom, but I don't think that matters anymore. I am officially on a trading break, and these are the long term positions I have staked out. I also have a lot of outdoor projects here at home. The fresh air, sunshine and toting 6X6 lumber around may prove a cure for "marketitis". Roebear

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